FEDERATED HERMES, INC. 8K

Federated Hermes, Inc. reported record Q2 2026 assets under management and higher earnings, completed a majority acquisition of FCP Fund Manager, L.P., declared a $0.38 per share dividend, and continued share repurchases.

Federated Hermes, Inc. reported strong second quarter 2026 results, with earnings per diluted share rising to $1.38 from $1.16 a year earlier on net income of $104.3 million, and total assets under management reaching a record $911.6 billion as of June 30, 2026, driven by growth in equity, money market, and alternative/private markets assets including $3.2 billion acquired via a majority investment in U.S. real estate manager FCP Fund Manager, L.P. The company highlighted record equity assets of $109.6 billion, record MDT quantitative strategies sales, and positive MDT net sales for the 14th consecutive quarter, alongside the launch of two new ETFs and a blockchain-focused fund. Revenue increased 18% year-over-year to $502.8 million, supported by higher average equity and money market assets and the FCP acquisition, while operating expenses rose 20% due to higher distribution, compensation, FX-related other expenses, professional fees, and amortization of intangibles from the acquisition. The board of directors declared a quarterly cash dividend of $0.38 per share, payable August 14, 2026 to shareholders of record on August 7, 2026, and the company repurchased approximately 1.12 million shares of Class B common stock for $58.9 million during the quarter. Management also provided details on business mix, noting that in Q2 2026 the firm derived roughly half of its revenue from money market assets and slightly less than half from long-term assets, and announced plans for an earnings conference call on July 31, 2026 to discuss results further.

Filing Facts

CIK

1056288

Ticker

-

Form

8K

Source Type

sec

Accession

0001056288-26-000024

Alert Tier

7